Swiss has so far stayed above our expected support and we would expect the currency to resume a rally from current level directly towards 1.3100 and above. So prefer holding our buy position initiated at 1.2970 expect the above said target to be reached. Amend stop to entry on break above 1.3000.
Hold buy @ 1.2970 for 1.3080 min, with stop below 1.2940.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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